BUSD issuer Paxos to have ‘constructive discussions’ with the SEC

Paxos Trust Company, the firm that issued the world’s third largest stablecoin, Binance USD [BUSD], until two weeks ago, has indicated that it may engage in litigation to defend its position on its security status. The firm’s CEO recently wrote to his employees, detailing the ongoing efforts and discussions with the U.S Securities and Exchange Commission and other agencies.